Phoenix Mills Limited (PML), retail-led mixed-use asset developer and operator of Phoenix Malls across the country, including Mumbai, may come up with a third mall in the Mumbai Metropolitan Region (MMR) in Thane and perhaps a hotel there. It may also expand its Phoenix Market City Mall in Bengaluru.
Currently, Phoenix Mills operates a mall named Phoenix Palladium in Central Mumbai's Lower Parel along with a hotel St Regis and a residential tower. The company will also come up with a commercial project in the vicinity by 2027. It also runs a mall named Phoenix MarketCity in Kurla area of Mumbai.
